The Abuja Electricity Distribution Company (AEDC) has appealed to its customers to disregard the planned tariff increase as approval for such an increment had not been received.
AEDC management made the appeal in a statement on Monday in
Abuja.
“Please disregard the circulating communication, regarding
the review of electricity tariffs.
“Be informed that no approval for such increments has been
received. We regret any inconvenience.”
However, AEDC had earlier in a statement, said there would
be an upward review of electricity tariffs from July 1.
According to the statement, the tariff increase is
influenced by the fluctuating exchange rate.
“Effective July 1, 2023, please be informed that there will
be an upward review of the electricity tariff influenced by the fluctuating
exchange rate.
“Under the MYTO 2022 guidelines, the previously set exchange
rate of N441/1 dollar may now be revised to approximately N750/1 dollar which
will have an impact on the tariffs associated with your electricity
consumption.
“For customers within bands B and C, with supply hours
ranging from 12 to 16 per day, the new base tariff is expected to be N100 per
Kilowatts per hour (KWh).
“While Bands A with (20 hours and above) and B (16 to 20
hours) will experience comparatively higher tariffs,‘’ it said.
In the statement, AEDC encouraged customers with prepaid
meters to consider purchasing bulk energy units before the end of June as this
would allow them to take advantage of the current rates and make savings before
the new tariffs came into effect.
AEDC said that for those on post-paid (estimated) billing, a
significant increment is imminent in their monthly billing, starting from
August.
The Mult Year Tariff Order (MYTO) is the methodology for
regulating electricity prices.
It provided a 15-year tariff path for the Nigerian
electricity industry with limited ‘minor’ reviews each year in the light of
changes in a number of parameters.
These included inflation and gas prices and ‘major’ reviews
every five years when all of the inputs were reviewed with stakeholders. NAN